fxstreet.com 29 Jan, 2021 06:30 am

Stocks trade weaker as US equity FUTs declined; USD rises into month-end

Stocks trade weaker as US equity FUTs declined; USD rises into month-end
- Japan companies expected to report earnings include Komatsu, KDDI, NEC Corp, Yamato Holdings, Ana Holdings and Murata Manufacturing. - BoJ might rel

28% rate, highest since 2015 after China injected CNY100B in liquidity with 7-day reverse repos - (CN) China PBOC may increase cash injections by using OMOs before Lunar New Year holiday [in mid-Feb], suggests liquidity needs before the holiday are lower vs 2020 - Chinese press [in line] - (CN) China govt said to again avoid setting a GDP growth target for 2021 citing it would encourage an unhealthy debt buildup - financial press - (CN) China Ministry of Industry and Information Technology (MIIT): To develop 15 electronic component producers with Rev in excess of CNY10B by 2023 - (CN) China Commerce Ministry (MOFCOM): Expects Domestic consumption to recover in 2021; Working to increase auto sales and regular consumption - (CN) China PBOC Open Market Operation (OMO): Injects CNY100B in 7-day reverse repos v CNY100B in 7-day reverse repos prior; Net inject CNY98B v Net drain CNY150B prior - (CN) China PBOC to conduct CNY5.0B prior - (CN) China PBOC sets Yuan reference rate: 6.6x - (NZ) New Zealand Q4 Job Ads Q/Q: +6.9% prior - (NZ) New Zealand Jan Consumer Confidence: 113.

0 prior - (NZ) Reserve Bank of New Zealand (RBNZ): Lends NZ$100M under Funding for Lending program (FLP), total lending under the program has risen to NZ$1.- Japan companies expected to report earnings include Komatsu, KDDI, NEC Corp, Yamato Holdings, Ana Holdings and Murata Manufacturing.

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